Monday Morning Cup of Coffee: Should mortgage lenders consider payday loans?
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The U.S. Census Bureau announced that construction spending during December 2018 was estimated at a seasonally adjusted annual rate of $1.29 trillion, retreating 0.6% from the revised November estimate of $1.3 trillion.. Notably, December’s spending is 1.6% above the December 2017 estimate of $1.27 trillion.
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Monday Morning Cup of Coffee takes a look at news coming across HousingWire’s weekend desk, with more coverage to come on bigger issues. Mortgage loans are out of fashion with some big banks.
Monday Morning Cup of Coffee: Should mortgage lenders consider payday loans? posted April 25, 2016 / No comments The same regulators that have driven up mortgage loan origination costs are now training their sights on payday lenders.
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Finance of America Reverse has released yet another addition to its suite of proprietary reverse mortgages, unveiling Friday the HomeSafe Select.. Unlike other non-agency reverse mortgage loans on the market – some of which are fixed-rate, full draw – the HomeSafe Select offers borrowers access to 25% of their proceeds upfront, with the remainder available in a growing line of credit.
Monday Morning Cup Of Coffee: Mulvaney’s CFPB losing interest in payday lenders? Monday Morning Cup Of Coffee . . .. New American Funding offers Conventional, FHA, Streamline, Jumbo, Purchase and Refinance Mortgage Loans. Equal Housing Lender.
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Downswing in mortgage market · Regardless of market conditions, mortgage innovation routinely lags behind and gets pushed back in favor of more immediate concerns. Though conditions aren’t nearly as dire as they were during the meltdown, the mortgage industry is facing another period of decline that threatens to put some lenders out of business.